FFI Holdings PLC (AIM:FFI) signed a letter of intent to acquire EPS-Cineworks LLC for $9.54 million in September 2017. Under the terms, FFI will pay 87% of the consideration on closing and the remaining will be paid in two equal installments of $0.60 million in late 2018 and late 2019. For year ended December 31, 2016, EPS-Cineworks generated revenues of $9.40 million and adjusted EBITDA of $2.70 million. The current management of EPS-Cineworks will continue to oversee the operations. Steve Pearce and Joshua Hughes of Liberum Capital Limited acted as financial advisor and broker to FFI Holdings in the transaction. FFI Holdings PLC (AIM:FFI) completed the acquisition of EPS-Cineworks LLC on November 13, 2017.